News

Wednesday, June 28, 2017

Ames & Gough 2017 Survey: Legal Malpractice Claims Stabilize, But Remain Above Pre-Recession Levels

The number of new malpractice claims brought against law firms is stabilizing, but remains well above historical experience in years preceding the 2007 - 2009 recession. A new study by Ames & Gough finds most leading legal malpractice insurers saw their claims level off in 2016 as the cost to defend claims continued to escalate. Click here to read the news release issued July 28, 2017 announcing key findings of the survey.

Monday, June 5, 2017

Joan DeLorey assesses current A/E professional liability insurance trends, opportunities

In a guest column for The Zweig Letter, Joan DeLorey, senior vice president and partner, Ames & Gough examines trends in A/E professional liability insurance, including findings of the Ames & Gough 2017 A/E PLI Survey. She discusses strategies for design firms renewing their professional liability insurance programs, including opportunities to obtain or expand coverage for emerging risks, such as internet and cyber-related exposures and drone use. Although the commercial insurance market generally remains soft, she emphasizes the need for A/E firms to maintain sound risk management practices to take advantage of market conditions. Click here to read the column, entitled, “Flat lining,” which appeared on June 5. [Note: Article originally published June 5, 2017 in The Zweig Letter (http://www.thezweigletter.com, the voice of reason for A/E/P and environmental consulting firms. For more information log on to http://www.zweigwhite.com.]

Wednesday, May 31, 2017

Chemical Specialty Insurance Program Managed by Ames & Gough Enhances General Liability Policy Adding Endorsement for Cyber/Crisis Management

Consumer Specialties Insurance Company (CSI), a risk retention group managed by Ames & Gough that serves the specialty consumer products industry, has enhanced its commercial general liability policy, adding an endorsement for crisis management/cyber risk. The endorsement – which provides a sublimit of $25,000 for crisis management, cyber liability, breach of privacy and security notification protection – is available free of charge to CSI’s participating insureds on policy renewals. Higher limits may be obtained for a nominal added premium. Click here to read the full text of the news release issued May 31, 2017.

Thursday, May 18, 2017

Structural Engineering Association Honors Charles Vonderheid

Charlies Vonderheid, senior vice president, Ames & Gough is the recipient of the 2017 Excellence in Structural Engineering Chairperson’s Award, an honor bestowed by the Structural Engineering Association of Metropolitan Washington (SEA-MW) for “outstanding contributions to the structural engineering profession.” Throughout his career, Mr. Vonderheid has been actively involved in   SEA-MW, as well as several other leading A/E professional associations, conducting numerous educational sessions and programs on risk management, insurance and related matters.

Wednesday, May 3, 2017

Ames & Gough appoints Wayne T. Marshall as Vice President & Client Executive

Ames & Gough appoints Wayne T. Marshall as Vice President and Client Executive. To read the press release  click here.

Thursday, March 30, 2017

Eileen Garczynski examines evolving internet and cyber risks for businesses; reviews cyber-liability coverage features and restrictions

In a "Commentary" article for Mealey’s Data Privacy Law Report, Eileen Garczynski, senior vice president and partner, Ames & Gough, and co-author Syed Ahmad, partner, Hunton & Williams LLP, examine the growing threat for businesses of a cyber-related incident. They also discuss critical risk management measures, including the purchase of special cyber-liability insurance. The authors review key features and restrictions of cyber-liability insurance policies and provide a list of considerations to help firms assess how much coverage they might require. Click here to read the article, “Protecting Company Assets With Cyber Liability Insurance,” published in the March issue.

Monday, March 13, 2017

Architects & Engineers 2017 Professional Liability Insurance Market Survey

Ames & Gough Insurer Survey: Architects & Engineers See Professional Liability Rates Flatten Amid Intense Insurance Market Competition

Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases in rates. A new survey by Ames & Gough finds that market competition and favorable claim results are combining to hold premium rates down. In fact, most insurers reported they are looking to keep rates flat this year to retain or expand their business. Click here to read the news release issued March 13, 2017 announcing key findings of the survey.

Monday, February 20, 2017

Dan Knise and Rob Hughes discuss project risk management for A/E firms

In a guest column for The Zweig Letter, Dan Knise, president and CEO, Ames & Gough, and Rob Hughes, senior vice president and partner, discuss four keys to project-specific risk management for A/E firms. In addition to evaluating potential projects on a risk-reward basis, design firms need to review contractual language carefully and negotiate to remove or revise onerous clauses. Once projects are accepted, effective management is critical to success, including identifying issues that might evolve into claims and taking steps early on to mitigate and manage them. Click here to read the column, entitled “Claims Management,” which appeared on Feb. 20. [Note: Article originally published Feb. 20, 2017 in The Zweig Letter (http://www.thezweigletter.com, the voice of reason for A/E/P and environmental consulting firms. For more information log on to http://www.zweigwhite.com.]

Tuesday, January 31, 2017

Eileen Garczynski discusses law firm misperceptions about cyber-liability insurance

In an article for the Journal of Internet Law, Eileen Garczynski, senior vice president and partner, Ames & Gough, discusses several common misperceptions law firms have about their cyber-liability insurance. In particular, she reviews coverage exclusions, restrictions and policy wording that might compromise a law firm’s insurance protection. She also describes measures law firms can take to strengthen their insurance coverage for various cyber-related incidents. Click here to read the article, "Misperceptions about Insurance May Leave Law Firms Vulnerable to Financial Consequences," published in the January 2017 issue of Journal of Internet Law.

Monday, January 23, 2017

Dan Knise reviews risks for A/E firms from onerous indemnification clauses

In a guest column for The Zweig Letter, Dan Knise, president and CEO, Ames & Gough, reviews contractual issues for design firms from onerous indemnification clauses. He provides examples of wording found in a growing number of contracts that can add significantly to an A/E firm’s potential exposures. Further, some contractually assumed risks may not be addressed by design firms’ professional liability insurance policies, leaving the firms vulnerable to potentially large claims. Mr. Knise also presents alternative wording that might be negotiated with owners to reduce risk. Click here to read the column, which appeared on Jan. 23. [Note: Article originally published Jan. 23, 2017 in The Zweig Letter (http://www.thezweigletter.com, the voice of reason for A/E/P and environmental consulting firms. For more information log on to http://www.zweigwhite.com.]

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  • Ames & Gough has worked closely, proactively, and successfully with our law firm. They have been very effective at obtaining the best insurance coverage for the best price. Additionally, the personnel have been extremely responsive on all our risk management issues. They are very knowledgeable and we are glad they are an integral part of our team.

    Steve Leonard, Chief Operating Officer, Zuckerman Spaeder, LLP
  • The expertise of the individuals at Ames & Gough has been invaluable to Hoyle Tanner. Over the course of many years, they have consistently provided Hoyle Tanner with knowledgeable advice and excellent service.

    James D. Boothroyd, P.E. , President, Hoyle, Tanner & Associates, Inc.
  • I've worked with Ames & Gough for years regarding our firm's professional liability insurance. Ames & Gough has some of the most knowledgeable insurance professionals that I have met. They understand our business and apply their very deep insurance knowledge to help us. They are customer-focused and always put our firm's needs ahead of their own. Ames & Gough is out to save us money while also looking out for our best interests.

    Donald P. Nims, Jr., PE, Quality Assurance & Risk Manager, Bergmann Associates, Inc.
  • I believe we were Ames & Gough's first client. In those 25 years, they have never failed to provide us with exceptional service, well beyond being only our A/E broker. Their depth of service, their technical expertise, and their responsiveness to our requests set them apart and account for our long-term relationship.

    Jim Fagan, Chairman of the Board, Hazen and Sawyer
  • We rely on Ames & Gough as our portal to the commercial insurance market for law firms. Their knowledge and service are exemplary, and we thank them for their contributions to our success.

    Phil Sunshine, General Counsel, Finnegan
  • Everyone at Ames & Gough has tremendous depths of knowledge about both design professionals and managing risk in the construction process. We refer firms to Ames & Gough because their professionalism is obvious from the first conversation. Their client focus, nationwide reach, and high level of services makes Ames & Gough an outstanding broker for any design professional. We've given Ames & Gough our 'Elite Broker' designation signifying that they are truly dedicated experts.

    Duane S. Repko, Vice President and Underwriting Manager-AE National Accounts Division, Victor O. Schinnerer & Company
  • Effective risk management is an integral part of our company's productivity goals. Ames & Gough provides the support we need to help us understand and implement good risk management practices. Their professional seminars and outstanding support have helped us to keep our insurance costs down as well as to maintain high standards. We value our relationship with them, are happy that they are part of our team, and thank them for their contributions to our success.

    Mark Teden, Executive Vice President/Treasurer, Bruner/Cott & Associates, Inc.
  • During our more than five-year relationship with Ames & Gough, we have grown to depend heavily on their experience in the A/E industry. Their skill at identifying risk exposures, skill in reviewing our contracts, and personal approach to insurance brokerage have made Ames & Gough indispensable to our firm. As contract negotiations become more complicated and the risk of litigation greater, there is no price our firm can put on having Ames & Gough and a good lawyer on our team.

    Ms. Polly Brazelton, Senior Associate, Michael Van Valkenburgh Associates
  • Ames & Gough's expertise in insurance and risk issues important to our association has been obvious. They have been quick to identify issues and opportunities and follow-through to improve our coverage and save us money. We highly recommend Ames & Gough to any association seeking a professional insurance broker partner.

    David Fitzsimmons, VP of Finance & Accounting, National Association of Chain Drug Stores
  • Ames & Gough's expertise in insurance and risk issues has been invaluable to LeClairRyan. Our law firm's needs have been consistently met with their top of the line client service. Ames & Gough has been quick to identify gaps in coverage while reducing our insurance costs and saving us money. We highly recommend Ames & Gough to any law firm looking for senior-level professionals that can help contribute to your firm’s success.

    Bruce Matson, Chief Legal Officer, LeClairRyan
  • Ames & Gough has always been very responsive to our queries, large or small, for contract review and situations regarding potential liability. They have provided immediate answers to quick questions, offering clear advice and direction, and have responded promptly on the more comprehensive requests.

    Suzette Bois , Controller , SMRT, Inc.
  • Beazley has had a close trading relationship with Ames & Gough since their formation in the 1990s. We consider them to be one of the real pros in their market niches of architects, engineers, and law firms. We appreciate their professional representation of their clients; as well as their integrity and attention to detail.

    Jerry Sullivan, Head of Professionals, Beazley Group
  • Ames & Gough has gone above and beyond in delivering on all their promises and commitments to AGC of America and its Chapters. Their responsiveness and insurance acumen have set them apart from other brokers we've worked with.

    Monique T. Valentine, CPA, CFO, , Associated General Contractors of America
  • For years, Hogan Lovells has relied upon Ames & Gough’s deep understanding of the professional liability issues faced by law firms. Our firm’s needs are consistently met by responsive, friendly senior-level professionals with an unyielding focus on client service and putting our needs at the fore.

    Warren Gorrell, Jr., Former Co-Chairman, Hogan Lovells
  • Ames & Gough has proven, in a short time, to be a responsive, knowledgeable partner for AIR. Everyone on the team is quick to get back to us whenever we have a question. Importantly, they are also well-versed in the issues and possible solutions that confront our organization and have always been able to solve or prevent a problem. Better yet, they've saved us money and improved the coverage under our various insurance policies.

    Larry Trapuzzano, Director of Facilities & Administration, American Institutes for Research